XOM Analysis (1Hr Chart)
Daily
- Bullish Channel
- Break of Decreasing Daily Volume w/ A 2.5x Volume Candle on Friday June 19th
- Increased Volume Candle Could be a Reversal Point
1Hr
- Island Top Reversal into a Symmetrical Triangle
- Bearish Momentum, but Again Looking for a Reversal from Big Volume Candle on Friday
Prediction
- A Reversal to Begin and Break Out of the Symmetrical Triangle w/ A Tight Stop Loss and Strong Potential Upside
- 1st Price Target: 54.98
- 2nd Price Target: 61.90
- Bullish Channel
- Break of Decreasing Daily Volume w/ A 2.5x Volume Candle on Friday June 19th
- Increased Volume Candle Could be a Reversal Point
1Hr
- Island Top Reversal into a Symmetrical Triangle
- Bearish Momentum, but Again Looking for a Reversal from Big Volume Candle on Friday
Prediction
- A Reversal to Begin and Break Out of the Symmetrical Triangle w/ A Tight Stop Loss and Strong Potential Upside
- 1st Price Target: 54.98
- 2nd Price Target: 61.90
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